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In 2006, the US Mint unveiled the American Gold Buffalo coin series, a hallmark in the world of precious metals. Setting a precedent, these coins became the first .9999 pure gold (24-karat gold) pieces crafted by the US Mint, standing alongside the renowned American Gold Eagle coin series, distinguished by its 22-karat gold content. These Gold Buffalos represent an investment of the highest caliber, backed by the US government’s guarantee. While bearing a nominal $50 face value, their true worth transcends this symbolic value, historically aligning with the far greater value of the gold they embody. BullionMax proudly presents the 2006 1 oz American Gold Buffalo Coin, an esteemed addition to any collection or investment portfolio.
Crafted from .9999 pure gold sourced exclusively from domestic mines, the Gold Buffalo coins materialized due to the Presidential $1 Coin Act of 2005. This groundbreaking act mandated the usage of newly mined domestic gold in their production. Setting a precedent, these coins represent the US government’s debut in producing 24-karat gold coins, aligning with global trends in bullion offerings. Struck at the esteemed West Point Mint, the bullion coins bear no mint mark, embodying the pinnacle of American craftsmanship.
Delicately etched into the American Gold Buffalo’s obverse is the profile of a Native American Chief, an artistry originally crafted by James Earle Fraser for the iconic Indian Head or Buffalo Nickel, a circulating currency from 1913 to 1938. This dignified Chief is believed to amalgamate the essence of three esteemed leaders: Chief Iron Tail of the Oglala Lakota, Chief John Big Tree of the Kiowa, and Chief Two Moons of the Cheyenne. Collectors fondly recognize this rendition as Fraser’s 1913, Type I design, paying homage to the legacy of our country’s original inhabitants.
Flipping over to the American Gold Buffalo’s reverse, the portrayal of an American Buffalo takes center stage. Another masterpiece by James Earle Fraser, this design draws inspiration from Black Diamond, an awe-inspiring American buffalo, the largest held in captivity during that era. Symbolizing the resilience and fortitude of the American spirit, the majestic Buffalo serves as a tribute to our pioneering expansion into the Western frontier.
In 2006, gold commenced the year at $530.00 per ounce. On the auspicious day of June 22, 2006, the Gold Buffalo coins made their debut amidst gold prices soaring to $583.10 per ounce. The year culminated with gold priced at $632.00 per ounce, boasting an impressive surge of over 23% from the preceding year.
Ready to add this prized possession to your collection or investment portfolio? Reach out to BullionMax today! Call us at 800-729-3202, connect via online chat, or drop us an email.
|James Earle Fraser
|James Earle Fraser
|Certificate of Authenticity
|1.3 x 1.3 x 0.1
|1 Troy Ounce
|Free Shipping on Orders Over $199